CEA: Confidence Dropped in February
Consumer confidence dropped again in February, according to the Consumer Electronics Association’s measures.
The CEA Index of Consumer Expectations (ICE) dropped 2.7 points in February, while the CEA Index of Consumer Technology Expectations (ICTE) dropped 5.6 points.
“Consumer sentiment slipped again in February for both the overall economy as well as consumers’ appetite to purchase tech – though some of the latter drop is likely related to seasonal factors as well,” Shawn DuBravac, CEA’s chief economist and senior director of research, said as part of the announcement.
“Despite wealth gains from national real estate values rising and equity prices continuing to climb, consumers remain subdued.”